GST CREDIT QUERY

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Student
43 Points Posted on 13 July 2021

Hello Everyone

I am a fibre sheet manufacturer. I want to purchase Tempo( Tata Ace Truck) for transportation of fibre sheets. Can I claim GST ITC on the same? 

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On 13 July 2021 at 14:51 Report
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Quick Summary
A fibre sheet manufacturer is asking about claiming Goods and Services Tax (GST) Input Tax Credit (ITC) on a Tata Ace truck purchased for transporting their products. The consensus is that ITC is claimable as the vehicle is used for business purposes and transportation of goods, thus not falling under blocked credits. Maintenance costs for the vehicle are also eligible for ITC.

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Practicing Chartered Accountant
573 Points Posted on 13 July 2021

Yes. ITC can be claimed in this case as it's motor vehicle for the purpose of transportation of goods. Hence it is not covered under blocked credit u/s 17(5).

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On 13 July 2021 at 15:23
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GST Consultant
15986 Points Posted on 14 July 2021
Yes ITC available
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On 14 July 2021 at 01:23
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STUDENT
1631 Points Posted on 14 July 2021
For Vehicle Maintenance -Its Eligible , Vehicle is used for business purposes
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On 14 July 2021 at 01:44

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